Company Dossier

Fire Point

Ukraine's most prolific deep-strike house — a civilian startup that scaled from the FP-1 attack drone to the Flamingo cruise missile and now flies most of Kyiv's strikes on Russia, shadowed by a corruption probe over its ownership.

BattlePolicy Research · Updated 22 Oct 2026 · 14 min read

FILE · fire-pointOpen-source file · BattlePolicy ProStatus AP documented an investigation into alleged inflated FP-1 component prices or drone quantities in Fire Point's Ministry of Defence contracts. The Kyiv Independent reported in May that leaked investigative recordings intensified the ownership controversy and the ministry's public anti-corruption council proposed nationalisation; Fire Point denied Mindich's involvement, and the allegations established neither corrupt conduct nor beneficial ownership. The Kyiv Independent reported on 22 May that Shtilerman had posted a purported NABU letter on 20 May stating that managers and founders had received no notices of suspicion, no indictment had been drawn up and the pretrial investigation continued; the letter's authenticity remains unverified, and it does not establish the company's legal position on 22 October 2026.Unverified

Fire Point

Munitions & StrikeCombat-fieldedUAAP documented an investigation into alleged inflated FP-1 component prices or drone quantities in Fire Point's Ministry of Defence contracts. The Kyiv Independent reported in May that leaked investigative recordings intensified the ownership controversy and the ministry's public anti-corruption council proposed nationalisation; Fire Point denied Mindich's involvement, and the allegations established neither corrupt conduct nor beneficial ownership. The Kyiv Independent reported on 22 May that Shtilerman had posted a purported NABU letter on 20 May stating that managers and founders had received no notices of suspicion, no indictment had been drawn up and the pretrial investigation continued; the letter's authenticity remains unverified, and it does not establish the company's legal position on 22 October 2026.

Fire Point builds long-range attack drones and missiles for Ukraine's armed forces, financed through procurement and reinvested profits, Ukrainska Pravda reported (factory investigation).

Founded

2022FP-1 development began Nov 2022; some outlets cite 2023

Kyiv, Ukraine

Headcount

7,500Terekh claim, National Defense, Oct 2026

Total raised

No disclosed equity raise; DKK 750M loan guaranteeDanish ministry, Oct 2026

Valuation

~$2.5B implied by unclosed EDGE proposalNew Voice; transaction report

Stage

Private; unclosed EDGE proposalNew Voice; regulatory report

Restricted · BattlePolicy Pro

The rest of the Fire Point file

▸Background — founding, ownership and how the company got to here
▸Financial footing — rounds, valuation, backers and who is exposed
▸Customers & contracts — live join against our Procurement Tracker
▸Leadership — who runs it, and the contact surface
▸Competitive position — who it beats, who beats it, and on what
▸Battlefield relevance — confirmed combat use versus company claim
▸Sources — every citation this file is built on
▸Analyst verdict — where the evidence is thin and what would change our call

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